Parklane Condos FOR SALE


Saint Petersburg, FL - Placido Bayou
$1,573,000 USD
813-534-0345
, Saint Petersburg, FL for Sale
$1,573,000 USD
FOR SALE
1/73
null | 7% Cap Rate

Parklane Condos
Saint Petersburg, FL
Placido Bayou


HIGHLIGHTS

  • Only 2 Vacancies
  • 13 rentable units

OVERVIEW

Introducing a highly sought-after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg&mdasha well-performing, professionally managed community with a stable tenant base and strong market fundamentals. This 13-unit portfolio consists of eleven 1-bedroom units and two 2-bedroom units, with near full occupancy and reliable rental performance. Situated just off the 4th Street corridor and minutes from downtown, the property benefits from excellent connectivity to I-275, vibrant employment centers, retail corridors, and public transit lines. The asset operates under a condominium regime with HOA coverage that includes exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable, which significantly reduces operational burden and creates an attractive management-light investment structure. The fenced grounds, mature landscaping, and community amenities including a pool and gazebo, provide long-term stability and tenant retention. With projected gross rents surpassing $15,000 per month and consistent historical occupancy, this portfolio is well-positioned for institutional or private capital seeking a scaled, income-producing asset with limited turnover and strong cash-on-cash performance in one of Tampa Bay's fastest-growing submarkets.

ASK ABOUT THIS PROPERTY

Mary GillamLombardo Team Real Estate LLCMore Info
813-534-0345

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Mary GillamLombardo Team Real Estate LLCMore Info
813-534-0345

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.